FWL Investment Management LLC Trims Stock Position in Dominion Energy, Inc. (NYSE:D)

FWL Investment Management LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 35.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,390 shares of the utilities provider’s stock after selling 750 shares during the period. FWL Investment Management LLC’s holdings in Dominion Energy were worth $75,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cape Investment Advisory Inc. grew its holdings in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. BankPlus Trust Department acquired a new position in Dominion Energy during the fourth quarter worth $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy during the fourth quarter valued at $27,000. Finally, Fairway Wealth LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

D has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. UBS Group increased their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $58.22.

Dominion Energy Trading Up 0.9 %

NYSE D opened at $55.18 on Thursday. The firm has a market cap of $47.06 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a 50 day simple moving average of $53.97 and a 200-day simple moving average of $55.34.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.84%. Dominion Energy’s dividend payout ratio is currently 100.00%.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.